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What is the share capital of jumping jack ltd at september

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Question - Jumping Jack Ltd was registered on 31 March 2016. It invited the public to subscribe to the issue of 200 000 ordinary shares for $6 per share: $3 due on application, $2 due on allotment and the balance due on call.

Mar. 31 Prospectus issued.

May 1 Received applications for 200 000 shares.

May 2 Allotted 200 000 ordinary shares

May 31 All allotment money received.

Aug. 1 Remaining capital called.

Aug. 15 All money due on call received.

Required:

(a) Journalise the transactions.

(b) Post to the equity accounts. (Use T accounts.)

(c) What is the share capital of Jumping Jack Ltd at 1 September?

Reference no: EM131832592

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